FLS has strong intermediate pattern structure with upside potential to 253, but currently faces conflicting signals and immediate downside risk due to rolling momentum.

Okay, so they're FLS Intel.

Claude asked about FLS intermediate time frame. Let's go take a look at that one.

So, with FLS intermediate time frame, I'm going to look at monthly, weekly, and daily. And so, we'll start off with the the monthly. I'm going to do this one uh much faster than the other one where I really step through the sort of the entire process.

But we have positive conditions, strong momentum, strong pattern structure to the upside. Just going to look at try to get a sense of any key levels. I mean, recently this one's had an amazing move, you know, very, very strong all the way through.

Just based off of the monthly chart at this point, we've, you know, we've hit some key markers on the upside. There could be some room here to get up to around 253 uh on a longer term basis.

Very strong, uh, overall pattern structure at this time. So, I would say that, you know, 253 is in play right now.

weekly chart and I don't I don't have the cycle analysis done on this one at the moment but weekly chart obviously very positive so just from looking at the bigger picture very positive but again you have to go beyond just directional bias to then also think about what's that outlook period that I'm looking at right now and am I looking at a new position if I'm looking at a new position for how how how many days weeks months uh with something like This is important because it has moved up to a place where we're now into some some resistance zones, but overall the pattern is strong and it would take, you know, a good amount of technical damage to to change that picture.

I mean, quite significant. You know, at this point, we're probably talking about the first warning for for me would be a weekly close. So, I'd be setting an alert around 183, 184.

Yeah, I would say 184. That would be where I would set an alert here. If it closed below there, then there's a good chance that there could be a a peak here that has uh occurred overall uh in a more of an intermediate time frame.

It's really jumping out at the moment. One more quick check. It's not bad. Yeah, that looks okay. So, I would say that this is obviously you can you can see this is very strong once we made this low here. basically consolidated, created a base, and then took off late in in this cycle after really chopping around, made a a cycle breakout here, you know, above 14175 and took off and now is going to make another right-hand translation.

So, we're coming into the first I would call this target zone uh on the intermediate time frame. You know, we reached that 22450 inside of this target zone. So, it's not surprising that we're starting to get some um some some selling coming in.

I'd watch that uh 24345 if we were to continue on the upside to probably see some more selling and then you get a pullback. And again, I mentioned what that level was on the downside that I'd pay attention to.

So, this would be my, you know, minor swing low here. That would be the first one for me to watch. And the key levels would be uh a close below that 197 on a weekly basis or 187.

Those would warn me that there's a good chance of a a larger intermediate type peak could be in place. And then I'd have to monitor that that pullback, make sure there was no overall technical damage done to the pattern and then see where we are where we are for that next.

But this has been really a really nice trade once we broke out, you know, above this prior cycle peak over here. Got a nice pullback. These are this is where you want to get your opportunity for the next trade, right?

So the breakout and then as you zoom in on the other time frames, you start to get your swings that you can you can build off of.

All right, we got to do FLS, too. So, I did a real deep dive there into CRWD. Claude was looking for FLS. Let's go to FLS. LS. So, FLS really great pattern here that was created on this breakout.

See, these are the kind of patterns you want to look for. You have a a long-term breakout going back several years. You get a pullback. the pullback doesn't do technical damage.

So, you're going to expect that you have pullbacks, right? So, we're trying to understand the dominant trend within the dominant trend. When does the pullback end and the new opportunity begin?

So, that's why multiple time frame analysis, cycle analysis is so helpful uh to to try to get a feel for overall pattern structure. What's my dominant pattern structure? When does the momentum kick back in?

And if I do a retracement draw to see how deep this correction got it got, you know, down into that 50 to 61.8 just a little bit below it. Didn't close below for me. I if it closes below these key levels, that's more meaningful.

We get a test in there. The buyers come out and then you go into the shorter duration time frames to start seeing where your participation can can be. Uh but I'm sure Claude's looking wanting to understand what do we have right now.

So, right now we had the the monthly you can see is flattening out on the reversal scout here uh in terms of a key level off the monthly. It got down in that 50%. So right now we're just tracking consolidating uh this larger move that you know came into some some key fib extension zones and now we're just consolidating in in the middle of it with the moment uh monthly momentum going sideways rolling over slightly.

So we can take a look at the weekly weekly chart. I mean this looks very very choppy at the moment consolidating that big move that it had from 50 up to 92 pulling pulling back you know really creating sort of a pennet or a flag situation right now if you look at it you know I'm going to draw a couple different trend trend draws here.

Yeah, this is a really not, you know, typical traditional kind of pen and flag pattern here. Bullishly configured at the moment. Uh let's see which way it it it tried to get to the top end here, pulling back right now.

And from an intermediate time frame basis, you know, where the supports today or this past week, we got into the 38.2 to the 50%. I don't want to see it on a weekly basis close below the 61.8, that would be a warning.

And then if we get the weekly close below the 78, you know, that would right now it's pretty much in alignment with that trend line. And if you close below there, that could open up the door to some deeper selling uh you know, on the overall pattern here.

You know, the last time it pulled back here, we got to the 50% rallied. We're not able to get make new highs yet. So, we're stuck in this range. And if we break below, have a weekly close below that 70 78.6 six break that trend.

You know, there's there's some risk then that opens up the door, you know, to probably get below this 50%. Uh you can see it came back as mentioned today, this prior peak, right?

Pulled back and tested this multiple times now here, here. So, this is a key support area. Otherwise, you likely have risked to fall the way to 58. Um then, you know, keep going.

You go over to your daily chart and you can see that it's the reversal scouts rolled over, SMI's rolled over. So right now the immediate price path is down, you know, the momentum down.

Um, so then it's a matter of if I'm an intermediate time frame trader, when do we start to see this turn? If I'm bullish on it, you know, then I'm um needing to for for me it's I'm I'm waiting to see some amount of price action and momentum turned back in the direction I have an interest in having my position bias.

So, if my position bias is long, then I want to make sure that I have some price action and price acceptance and and some momentum that's back in my direction. Right now, it's not. you know, we have what I look at in terms of SMI and reversal scout, slim ribbon, you know, these have weakened.

Uh, and there's some risk to the downside. If I do a quick draw from highs to lows, you know, it's got to get it back above say 79 and close above there on a daily basis to to sort of stop the uh technical damage that is started right now because we have a minor swing low that was violated.

And if we close today below that that's negative. You know these are just as a trader you have to have a methodology that tells you again what's you know what's my bias which way do I lean you know when when do I have a trigger that tells me to look at something to as a continuation in the direction of interest you know when does my analysis get invalidated.

So all those things are important and right now on the long side this one is not showing the proper signs. um in terms of immediate signs at least of of a of a long side and on the downside if I'm you know if I was a trader it's not on the on the intermediate time frame basis you can see that we have we had conflict right we're stuck in inside of that range right now we're trying we're contracting though so if I go to the 2-hour I even get a more of a x-ray vision zoomed in look you can see that we had a breakdown reversal scout the 2hour slim ribbon had gone negative.

We tried to rally inside of the 2-hour slim ribbon and actually got a really nice intraday trade or near-term trade on the downside that set up as a part of the fact that the reversal scout rolled over.

Right? Reversal scout rolls over. We get a uh rolls over then you have a breakdown in the 2hour which is your your trigger SMI breaks down. But this is all within the confines of something that is you know more neutral overall neutral in the bigger picture even slightly bullish.

Uh but you know when you have momentum that is rolling over in the monthly again you just have a lot of conflict. So you had a move that was accomplished on the upside and now you have a battle going on between the bulls and the bears and different time frames.

And then right now the bears are winning uh in the shorter duration time frame because you had that minor breakdown and you got 2 hours rolled over and so if I'm a you know a swing trader in the near-term time frame I would have been watching for failure right so I mean this is a quick move lower maybe did the 38.2 too.

Get out of that and then you're watching for the next opportunity. The slim ribbon PO fires negative. Uh but you have to be watching for the the bulls to come back to life uh in this one.

But right now, you know, the downside risk to me, Claude, runs